Lodha Group exits from HDFC Property Fund from World Tower’s Project

Lodha Group, announced one more successful investor exit of HDFC Property Fund’s equity stake in its World Towers project for INR 1500 crores.

The offshore fund sponsored by Housing Development Finance Corporation Ltd (HDFC), had invested INR 500 crores in 2010. The exit was funded through internal accruals and partly through fresh fund raising.

The investment was made in Lodha Group’s landmark development, The World Towers; spread over 17 acres in the heart of South Mumbai comprising of 3 ultra-luxury high-rises. In the development, possessions at World Crest have already started and the Tier 1 of World One is slated for delivery in mid-2017.

Realty Plus Excellence Awards

Realty Plus Excellence Awards, 2018 East

Realty Plus Magazine

Realty Plus, India’s leading real estate monthly Magazine was recognised and awarded “The Best Real Estate Magazine” on the gala awards night organized by Real Estate Development Council (NAREDCO) held at Hotel Ashok, New Delhi on September 12, 2014. Realty Plus was honoured at the premier event that was part of NAREDCO’s 12th National Convention on Housing for All by 2022. Shri M. Venkaiah Naidu Union Minister for Urban Development & Housing & Parliamentary Affairs along with Shri Salman Khurshid, former Law Minister and Shri Sunil Mantri, President, NAREDCO presented the award of Realty Plus Mag.